Looking to diversify beyond JDMNX? The mutual funds below have the lowest correlation with JDMNX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from JDMNX.
Best Diversifiers for JDMNX
0 mutual funds have low correlation with JDMNX (below 0.3), 0 of which are negatively correlated. The least correlated is Janus Henderson Global Technology and Innovation Fund Class I (JATIX) (Technology Equities) with a 1Y correlation of 0.55, down from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson Global Technology and Innovation F... | 0.55 | 0.65 | 0.77 | 78 | Technology Equities | JDMNX vs JATIX | |
| Janus Henderson VIT Global Technology and Innovati... | 0.55 | 0.65 | 0.76 | 79 | Technology Equities | JDMNX vs JGLTX | |
| Janus Global Technology and Innovation Fund | 0.56 | 0.65 | 0.76 | 78 | Technology Equities | JDMNX vs JAGTX | |
| Janus Henderson Global Technology and Innovation F... | 0.56 | 0.65 | 0.77 | 78 | Technology Equities | JDMNX vs JNGTX | |
| Timothy Plan Aggressive Growth Fund | 0.72 | 0.80 | 0.86 | 88 | Mid Cap Growth Equities | JDMNX vs TAAGX |
See all 14 diversifiers for JDMNX
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